CapitaLand Investment is seeking $500 million in investor commitments for its third Asia-Pacific credit programme, Bloomberg reported, citing people familiar with the matter.
The report said the Singapore-listed real asset manager is primarily targeting existing investors for CapitaLand Asia Pacific Credit Program III (ACP III) and aims to hold a first close by the end of 2026.
The new vehicle will continue the strategy of its predecessor funds, focusing on senior secured, asset-backed investments, according to the Bloomberg report.
The fundraising comes months after CapitaLand Investment closed its second regional credit vehicle, ACP II, with $320 million in total equity commitments in April. ACP I raised S$240 million.
ACP II attracted a diverse pool of investors, primarily from Asia, including insurers, financial institutions, and family offices.
CapitaLand holds a 20% sponsor commitment in ACP II, which has already been allocated to five first mortgage loans for logistics, office, and living assets located in Sydney, Australia, and in the Seoul Metropolitan Area in South Korea, according to the announcement.
Its strategy is built around senior secured, asset-backed real estate lending, which it sees as distinct from broader private corporate credit, said Kishore Moorjani, chief executive officer for alternatives, private funds, at CLI.
CapitaLand has been expanding its credit platform alongside its broader push into asset-light fund management. Together with Wingate, the firm has deployed more than S$10 billion in credit investments across the region to date, including deals in Australia and South Korea.
